Paradigm Announces Acquisition of Legal Accounting Software TrustBooks
Summary
“We are overjoyed to be adding a full accounting solution to our suite of products with the acquisition of TrustBooks,” said Soumya Nettimi, CEO of Paradigm. “As more law firms turn towards technology to power their practices, the ability to take control of billing, and now accounting, in-house with simple and intuitive software is a massive time and money-saver for our customers.” Launched in 2015, TrustBooks was created to simplify the legal trust accounting process for non-accountants and empower attorneys to handle their books while staying compliant with their State Bar through three-way reconciliation. “This is what sets TrustBooks apart, and we could not be more excited about the opportunity to scale our accounting solution to the legal community through our partnership with Paradigm.” The TrustBooks acquisition enables Paradigm to further serve the legal industry by providing law firms with an attorney-friendly solution that tracks all activity related to clients’ trust accounts and automatically maintains their ledgers for instant visibility. “We set out to create a solution that not only addressed major points facing law firms today, but also contained intuitive workflows and used terminology that lawyers could actually understand,” said Chad Todd. With Paradigm, we look forward to showing a new wave of lawyers just how easy trust accounting can really be.” This acquisition comes at a time of major momentum for Paradigm which recently announced the expansion of its leadership team as well as a strategic growth investment from leading global investment firm, Francisco Partners.
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